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Currencies and equities ended on a high note Friday, rebounding after extensive losses mid-week. There was no specific catalyst, but Thursday was the worse day for stocks since March, so a relief...
U.S. stocks sold off for the third day in a row, and today’s losses were the sharpest. The Dow Jones Industrial Average tumbled 6.9%, or 1,800 points, the biggest one-day drop in three months. Risk...
Investors drove U.S. dollars to fresh lows after the Federal Reserve made it clear that zero interest rates are here to stay, at least for the next year and a half. According to the updated dot plot...
The US dollar retains its hold on the position of global reserve currency for two reasons. For starters, the United States is considered the most financially stable country in the world, thanks to its...
The U.S. dollar traded lower against all of the European currencies on Tuesday ahead of the Federal Reserve’s monetary policy announcement. Investors took profits on risk trades as the Dow Jones...
The U.S. dollar kicked off the second week of June lower against all of the major currencies today. Last week, we had three monetary policy announcements, nonfarm payrolls and Canada’s employment...
Euro rallied higher against the U.S. dollar for the eighth-consecutive trading day, marking the longest stretch of gains for the currency pair since April 2011. The European Central Bank was widely...
The European Central Bank is widely expected to increase monetary stimulus on Thursday. They would be the only major central bank to ease this week and one of the few to boost accommodation this...
The first day of June kicked off with broad-based U.S. dollar weakness. The greenback traded lower against all of the major currencies as equities moved higher. Americans are growing increasingly...
The Australian dollar has moved higher for a third consecutive week. The AUD/USD pair is also advancing for the 8th out of 9 weeks. While the coronavirus pandemic ended a three-decade long, economic...
All week U.S. President Donald Trump teased the market with the possibility of big changes in the relationship between the U.S. and Hong Kong/China, but to everyone’s relief, his press conference...
Overview: The announcement that President Trump will hold a press conference on China later today rattled investors yesterday after they had earlier shrugged off the escalation of tension between the...
U.S. equities extended their gains Thursday on the back of better-than-expected economic data. Durable goods fell less than anticipated, jobless claims hovered around 2 million and the market largely...
The US dollar eased this morning, after yesterday whipsawing wildly between 0.3% gains and losses but closing only 0.1% lower. A key conflict FX traders are facing with regard to the USD: they must...
For the first time in nearly eight weeks, EUR/USD broke through 1.10. Since Germany and France first proposed their recovery fund, we’ve been talking about a more meaningful turn in the euro and have...